Top 5 Best Business Bank Accounts for LLC in 2021

If you’re starting an LLC, one of the essential things you need is a business bank account. A business bank account helps keep your personal and business finances separated, making it easier for you to manage your finances and file taxes. With so many options available, it can be challenging to determine which business bank account is the best for your LLC. In this article, we’ll take a closer look at the top 5 best business bank accounts for LLCs in 2021.

1. Chase Business Complete Checking

Chase Business Complete Checking is one of the most popular business bank accounts for LLCs. With a minimum opening deposit of $25, you can get access to a range of features, including unlimited electronic deposits and withdrawals, mobile banking, and 24/7 customer support. Additionally, you can receive up to 100 transactions per month with no monthly fees if you maintain a minimum balance of $2,000. Chase Business Complete Checking is an excellent option for LLCs looking for a comprehensive banking solution.

2. Azlo

Azlo is a digital business bank account specifically designed for small businesses and freelancers. With Azlo, you can set up an account online in minutes with no minimum deposit required. Additionally, Azlo offers features such as free invoicing tools, mobile banking, and online bill pay. There are no monthly fees or transaction fees, making Azlo an excellent option for LLCs looking to save money on banking fees.

3. Capital One Spark Business Checking

Capital One Spark Business Checking is another great option for LLCs. With a minimum opening deposit of $250, you can enjoy features such as unlimited transactions, mobile banking, and online bill pay. Capital One also offers overdraft protection and a cashback program for qualifying purchases. Additionally, Capital One Spark Business Checking offers no monthly fees if you maintain a minimum balance of $2,000.

4. Bank of America Business Advantage Checking

Bank of America Business Advantage Checking is an excellent option for LLCs looking for a more comprehensive banking solution. With a minimum opening deposit of $100, you can access features such as unlimited electronic transactions, mobile banking, and monthly cash deposit limits of up to $7,500 with no additional fee. Additionally, Bank of America Business Advantage Checking offers overdraft protection and a rewards program for qualifying purchases.

5. Novo

Novo is another digital business bank account that is specifically designed for small businesses. With Novo, you can open an account online in minutes with no minimum deposit required. Novo offers features such as mobile banking, online bill pay, and free ACH transfers. Additionally, there are no monthly fees or transaction fees, making Novo an excellent option for LLCs looking to save money on banking fees.

Conclusion

Choosing the best business bank account for your LLC can be challenging, but with the right research, you can find the right solution for your needs. Consider factors such as minimum balance requirements, transaction fees, and the availability of features like mobile banking and online bill pay. No matter which of these five options you choose, you can trust that your LLC’s finances will be in good hands.